Reported 3 days ago
President Trump's recent 25% tariffs on foreign-made vehicles, effective April 2, have sparked escalating tensions with trade partners like Canada and the European Union. Following a 'very good' call with Canada's Prime Minister Mark Carney, Trump warned of heavier tariffs if Canada and the EU collaborate against U.S. interests. The trade war's effects are beginning to ripple through the markets, causing stock declines and prompting fears of rising product prices as both sides prepare retaliatory measures.
Source: YAHOO